Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What should a new real estate agent avoid doing in their first year?

  1. Relying on future commission earnings for current expenses.

  2. Having funds for personal and startup costs for six months.

  3. Recognizing seasonal income fluctuations.

  4. Maintaining a practical budget regardless of income levels.

  5. Researching market trends diligently.

  6. Taking continuing education courses.

The correct answer is: Relying on future commission earnings for current expenses.

A new real estate agent should avoid relying on future commission earnings for current expenses in their first year. Depending on potential future earnings to meet current expenses can lead to financial stress and instability. It is advisable to have a financial cushion or savings to cover personal and startup costs for several months until a steady income stream is established. Having funds set aside for at least six months can provide a safety net during the initial phase of building a client base and generating consistent revenue. This approach helps in avoiding undue pressure and allows the new agent to focus on developing their business effectively.

More Questions Like This